Power Grid Recruitment 2021: Maharatna power PSU Power Grid, has posted a job vacancy for the engagement of Director (Finance). Eligible and interested candidates can apply for the job before January 11, 2022. The post will fall vacant on August 1, 2022. Currently, M Taj Mukarrum is serving as Director (Finance) of Power Grid.
Director (Finance) is a member of the Board of Directors and reports to the Chairman and Managing Director. He/She is the overall in-charge of Finance and Accounts functions of the organization and is responsible for evolving and formulating related policies and their implementation including Financial Planning, budgeting, costing, financial control, preparation of financial statements in compliance with corporate norms and statutory requirements.
Pay scale: Rs 1,80,000 – Rs 3,40,000 (IDA)
Age Limit: Minimum age limit 40 years and age of superannuation 60 years
The minimum length of service required in the eligible scale will be one year for internal candidates, and two years for others as on the date of the vacancy.
The applicant must, on the date of application, as well as on the date of interview, be employed in a regular capacity – and not in a contractual/ad-hoc capacity – in one of the followings:-
(a) Central Public Sector Enterprise (CPSE) (including a full-time functional Director in the Board of a CPSE);
(b) Central Government including the Armed Forces of the Union and All India Services;
(c) State Public Sector Enterprise (SPSE) where the annual turnover is *Rs 5,000 crore or more;
(d) Private Sector in a company where the annual turnover is *Rs 5,000 crore or more.
Preference would be given to candidates from listed companies.
(*The average audited annual turnover of three financial years preceding the calendar year in which the post is advertised shall be considered for applying the approved limits)
(i) The applicant should be a Chartered Accountant or Cost Accountant or a full-time MBA or PGDM course with finance specialization with a good academic record from a recognised university or institution. Preference would be given to Chartered Accountant.
(ii) Officers of Organized Group ‘A’ Accounts Services [i.e. Indian Audit and Accounts Service, Indian Defence Accounts Service, Indian Railway Accounts Service, Indian Civil Accounts Service, Indian P&T Accounts & Finance Service and Indian Cost Accounts Service] working in the appropriate level are exempted from these educational qualifications.
(iii) Further, applicants from the Central Govt. or Armed Forces of the Union or All India Services, will also be exempted from the educational qualifications.
(iii) In respect of applicants from Organized Group ‘A’ Accounts Services/Central Government/Armed Forces of the Union/All India Services, Chartered Accountant/Cost Accountant/MBA/PGDM will be a desirable educational qualification.
(i) The applicant should have at least five years of cumulative experience at a senior level during the last ten years in the area of Corporate Financial Management/ Corporate Accounts in an organization of repute.
(ii) Applicants from Organized Group ‘A’ Accounts Services should have at least five years cumulative experience at a senior level during the last ten years in the area of Corporate Financial Management or Corporate Accounts.
(iii) ‘The relevant experience’ in respect of applicants from Central Government/Armed Forces of the Union/All India Services would include at least seven years of cumulative experience at a senior level during the last ten years in the area of Corporate Financial Management/ Corporate Accounts.
Duration of appointment
The appointment shall be for a period of five years from the date of joining or up-to-the date of superannuation or until further orders, whichever is earlier.
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